RHB Investment Research Reports
Trading Stocks - Marine & General
rhbinvest
Publish date: Thu, 18 Apr 2024, 09:57 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Marine & General is set for an uptrend reversal after undergoing a bullish breakout above the MYR0.28 resistance yesterday on strong trading volume. The stock has rebounded above the 21- day SMA line, solidifying its uptrend towards the immediate resistance point of MYR0.32, followed by the next resistance level of MYR0.42. On the flip side, falling below the MYR0.26 support would negate the bullish setup.
Source: RHB Securities Research - 18 Apr 2024
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